Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 19, 3:15 PM
Slide #20. Axalta Coating Systems — Dura Coat Products
Acquirer: |
Axalta Coating Systems (NYSE:AXTA) |
Acquiree: |
Dura Coat Products |
Details: |
Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, has completed its acquisition of a majority stake in Dura Coat Products, a leading manufacturer of coatings for metal coil and aluminum extrusion markets in North America. Financial terms of the transaction were not disclosed. Dr. Myung Ki Hong will remain Chairman and Chief Executive Officer of Dura Coat to ensure a smooth transition of the business. |
Axalta Coating Systems is a holding company. Through its subsidiaries, Co is a manufacturer, marketer and distributor of coatings systems. Through its Performance Coatings segment, Co. provides liquid and powder coatings solutions to a fragmented and local customer base, as well as a number of regional and global customers. Co. is a supplier with the technology to provide color matching and coatings systems. Through its Transportation Coatings segment, Co. provides coatings technologies to original equipment manufacturers of light and commercial vehicles. Co.'s products consist of coatings layers: electrocoat (AquaEC), primer (HyperDur), basecoat (ChromaDyne) and clearcoat (Lumeera).
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April 19, 2024 3:15 PM Eastern
Buy (3.35 out of 4)
100th percentile
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